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Kallanish Kallanish

Knowledge matters Knowledge matters

February, 22nd 2019

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Weekly Steel

Issue 7-19 19 Feb 2019

Kallanish Steel Weekly: Billet prices peak as market calms

Last week billet prices across the globe continued to perform well, but, for many observers, the peak might be near.

CIS billet mills increased their offers to $460-470/tonne fob Black Sea at the end of last week. They have seemingly no intention to compromise with buyers whose bids at ...

Issue 6-19 12 Feb 2019

Kallanish Steel Weekly: Vale’s problems push iron ore to new record

The Brazilian miner Vale is still assessing the damage from the accident at the Brumadinho mine at the end of January. This has resulted in over 150 fatalities and has spurred a number of decisions by the Brazilian authorities which are impacting the miner’s production in the short and ...

Issue 5-19 05 Feb 2019

Kallanish Steel Weekly: CIS billet market confirms raw material uncertainty

Last week the CIS billet market, often used as a means of understanding the global sentiment of the steel sector, confirmed the uncertainty among market operators. Raw material prices rose but steel demand remains sluggish globally.

CIS billet suppliers' offers have risen to $430-440/tonne fob Black Sea for March ...

Issue 4-19 29 Jan 2019

Kallanish Steel Weekly: Global crude steel jumps again, supported by China

The World Steel Association (worldsteel) says that global crude steel output was 1,808.6 million tonnes from its 64 reporting countries in 2018, up 4.6% year-on-year. Crude steel production increased in all regions in the year except in the European Union, which has seen a slight contraction, worldsteel ...